Strategic Minerals Plc (LON:SML – Get Free Report) shares were up 7.8% on Thursday . The company traded as high as GBX 1.24 and last traded at GBX 1.24. Approximately 12,370,030 shares traded hands during trading, a decline of 35% from the average daily volume of 19,116,713 shares. The stock had previously closed at GBX 1.15.
Strategic Minerals Trading Up 12.1%
The business’s 50-day simple moving average is GBX 1.30 and its two-hundred day simple moving average is GBX 0.66. The company has a quick ratio of 1.49, a current ratio of 0.29 and a debt-to-equity ratio of 12.73. The firm has a market capitalization of £30.54 million, a price-to-earnings ratio of 2.10 and a beta of 0.70.
About Strategic Minerals
In 2012, the company commenced production at its first magnetite operation, the Cobre stockpile in New Mexico, USA. Currently, the company’s main countries of operation are the UK and USA.
In March 2018, the Company completed the acquisition of the Leigh Creek Copper Mine situated in the copper rich belt of South Australia.
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